US tech stocks losses on Wednesday morning, coming off a steep sell-off fueled by worries about economic growth and the AI trade amid a slide in Nvidia shares. The S&P 500 fell about 0.3%, while the tech-heavy Nasdaq Composite led the losses declining about 0.7%. Meanwhile, the Dow Jones Industrial Average added just less than 0.1%.
At the same time, concerns about cracks in the US economy have revived somewhat after a lukewarm reading on factory activity. Investors are keeping a watchful eye on fresh data as they calibrate the likely size of the Federal Reserve interest-rate cut expected within weeks. The rocky start to September now has investors bracing for more volatility, as a historically tough month for stocks follows a turbulent August.
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